5 Answers
<p id="isPasted">I am not going to tell you about what you should or should not do, but I will say my most profitable indicator is not what you might expect.</p><p>The ATR(14) hands down.</p><p>Several reasons I say this, it is the beating heart of my system.</p><p>I use it for position sizing.</p><p>I use it for entry conditions</p><p>I use it for take profits and stop losses</p>
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<p><br>It all depends on how you trade. In reality, you shouldn't just use one indicator. If you are going to be a trader that uses indicators. You will need to back test several indicators to combine them and use them together. First, you need to figure out what type of trader you are. If you are going to use support and resistance (price action). Then most likely you are not going to use indicators. A support resistance trader will only use one indicator like Fib indicator, and use trendlines. My system is based on several indicators together for the daily …</p>
7 Views
<p id="isPasted">I have personally used the relative strength index and bollinger bands indicators to help me determine if a stock is about to go up or down in price.</p><p>With relative strength index, it is being oversold if it is below the 30 mark and it is being overbought if it is above the 70 mark.</p><p>With the bollinger bands, if the candlesticks are touching the top of the band it is potentially going to go down, and if it is touching the bottom it is potentially going to go up.</p><p>This is not to say these are absolute ways to …</p>
4 Views
<p><br>I don’t have one. I use several of them to decide what to do with the stock. Relying on one indicator only will lead to bad trades.</p>
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<p id="isPasted">I think all technical indicators as a trading strategy is complete bullshit. I also think anybody who peddles the idea that it works and that they made money with it are complete scam-artists.</p><p>With that being said, because of my job I still look at techincal indicators all day everyday. I think the more reliable ones are RSI, Moving Average divergences, and Bollinger Bands (the latter are tricky to understand and use).</p>
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